Looking for Value in Oil’s Bargain Bin

In the Wake of Crude’s Slide, Energy Veteran Sees Long-Term Value in MLPs

Ensconced in a rambling, two-story house on a woody hillside in the town of Woodstock, N.Y., far from the oil fields of Texas or North Dakota, Roger Young is hunting for bargains among stocks created by the free-falling price of crude.

Mr. Young, who is 69 years old and helps oversee $8.5 billion as a portfolio manager at Miller Howard Investments, has spent more than four decades picking energy stocks.